- Bulgarian Ministry of Finance released proposals for tax amendments for public consultation
- Proposed changes aim to align with EU laws and enhance VAT administration
- Special VAT regimes for small enterprises introduced to harmonise VAT rules across EU
- New reporting requirements for VAT-registered businesses to enhance transparency and accuracy
- Clarification of VAT rules for electronically supplied broadcasts to align with EU regulations
- VAT rules for financial services to align with EU programming period
- Procedure introduced for VAT on imports associated with investment projects
- Changes proposed for calculating taxable turnover for second-hand goods and travel services
- Consultation set to conclude on 18 October 2024
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
